Menu
Point of taxation rule 5 for nov exam
Plz any one explan POT rules 5 [as amended throuth notification] effective from 1.4.2012.plz provide illustrations when rule 3 applies and when rule 5
if date of taxation is 1 sep 2012
in case of two situation
dt of ser dt of inv dt of pay whether taxable
20:8:12 2:9:12 30:8:12 no[r ule 5]
20:8:12 10:9:12 25:8;12 no[rule 3]
plz explane why in second case rule 3 applies
thanks in adv
Replies (2)
Pls write ur querry with more clarification and do not wrie any short form and write very clearly
sir i want to say
if a service is taxable for the 1st time in sept, 2012
1. Date of service is on 20 aug,12:
date of invoice is on 2 sep,12
date of payment 30 aug,12-service is not taxable as per rule 5 of pot
2.Date of service 20 aug,12
date of invoice is on 10 sep,2012
date of payment 25 aug,12-service is not taxable as per rule 3 of pot.
My qus is why in second case rule 3 apply.why rule 5 is not applicable in
second case.
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
